In a bid to foster innovation and leadership in Ghana's agricultural sector, Kosmos Innovation Center (KIC) has officially announced the commencement of applications for the 2024 AgriTech Challenge Pro program. The initiative, supported by the Mastercard Foundation, is part of an ongoing partnership aimed at equipping the next generation of leaders and entrepreneurs in the agricultural landscape of Ghana.
Key Program Details
The AgriTech Challenge Pro is a comprehensive five-month accelerator program tailored to assist young entrepreneurs in conceiving and developing commercially viable, scalable solutions to pivotal challenges within the agricultural domain. The program emphasizes technology and innovation as catalysts for boosting productivity, enhancing yields, and generating employment opportunities within Ghana's agricultural sector.
Aspiring participants are encouraged to submit their nominations before the deadline on November 24th, 2023.
Mastercard Foundation's Role
The Mastercard Foundation's involvement in this program underscores its commitment to nurturing innovative solutions that can transform Ghana's agricultural landscape. This strategic partnership aims to empower youth with the skills and knowledge needed to drive positive change.
The AgriTech Challenge Pro is an extension of the AgriTech Challenge Classic program, welcoming participants from this cohort and existing startups eager to refine their businesses for investor readiness. At the program's conclusion, KIC, alongside its partners, will provide selected businesses with seed funding of up to USD 50,000.
Past winners of the competition highlight the substantial impact of the program on their ventures. Caroline Amanor, Co-founder and CEO of Maku Foods, expressed how the AgriTech Challenge Pro has been instrumental in the growth of her business. The insights gained from training, coaching, and skills acquired during the program played a pivotal role in positioning her business for growth and investor readiness.
KIC's Commitment to Youth Empowerment
Kosmos Innovation Center remains steadfast in its commitment to empowering young individuals, creating opportunities for innovation and entrepreneurship within the agricultural value chain. In the 2023 AgriTech Pro, KIC demonstrated this commitment by awarding $350,000 worth of seed funding to 11 promising startups.
The AgriTech Challenge Pro stands as a beacon of opportunity for aspiring agricultural innovators, offering a platform for learning, growth, and the potential to secure vital seed funding for their ventures. As the application window remains open until November 24th, 2023, aspiring entrepreneurs are encouraged to seize this chance to contribute to the transformation of Ghana's agricultural sector.